The U.S. retail price for regular grade gasoline averaged $3.30 per gallon in 2024, 21 cents less than in 2023, according to data released today by the United States Energy Information Administration. How did Louisiana’s and New Orleans’ gas prices fare in 2024, compared to 2023? Exactly the same. Louisiana’s average was $2.73 per gallon in 2024, the same price as in 2023, according to AAA Gas Prices, a website updated daily by Oil Price Information Service (OPIS), with average national, state and local prices for gasoline, diesel, and E-85. In the New Orleans metro area, the average retail price for regular grade gasoline in 2024 was $2.72 per gallon, nearly the same to the $2.74 per gallon average in 2023. The EIA reports that lower global crude oil prices and narrower refinery margins in 2024 than in 2023 both contributed to the decrease in retail gasoline prices. Also, weaker gasoline demand during the summer of 2024 than in 2023 helped to build inventories throughout much of the U.S., furthering lowering prices. U.S. gasoline retail prices decreased for the second consecutive year in 2024. Gasoline prices and prices for crude oil and other petroleum products had increased in 2022, when U.S. gasoline prices were at their highest since 2014, after adjusting for inflation. Lower gas prices are also trending in early 2025. Today’s AAA national average retail price for regular grade gasoline is $3.06 per gallon, while Louisiana checks in at 33 cents per gallon lower at $2.73 per gallon. New Orleans is at $2.76 per gallon for regular grade gasoline. The top 10 cheapest gas stations in the New Orleans metro area for regular grade gasoline, as of today, are: Meraux Quick Stop, 3112 E. St. Bernard Hwy., Meraux, $2.38 per gallon Sam’s Club, 1527 Manhattan Blvd., Harvey, $2.39 per gallon Sam’s Club, 3900 Airline Dr., Metairie, $2.42 per gallon Costco, 3900 Dublin St., New Orleans, $2.43 per gallon QC Pitlane, 3225 E. Judge Perez Dr., Meraux, $2.44 per gallon Discount-N-Out, 6050 Chef Menteur Hwy., New Orleans, $2.45 per gallon Airline Discount, 3451 Airline Dr., Metairie, $2.47 per gallon Downman Center, 7200 Downman Rd., New Orleans, $2.49 per gallon Louisa Xpress, 4301 Louisa Dr., New Orleans, $2.49 per gallon Fuel Zone, 4500 Chef Menteur Hwy., New Orleans, $2.49 per gallon Valero, 3738 Airline Dr., Metairie, $2.49 per gallon   Source: https://www.gasbuddy.com/gasprices/louisiana/new-orleans.